just relax bitcoin it would be easy to get back to the price of $ 20k again because the rotation of the price will always be there, not forever the price below and not forever the price is on top so do not be afraid the price will definitely go back up when there is good news from bitcoin and media it is definitely going to be easy to recover the price.

Well we cannot predict what will happen in the next few month since market are in the red blooded situation and most people are afraid in this event happen to bitcoin and the confidence to bitcoin turn to stressed but I have high believe it will be back to normal.

Look at this image below, sorry but the situation is so painful hahaha

http://i.imgur.com/piDjzND.jpg

I want to know on how many people here bought bitcoin when the price is around $8,600 - $8,700 and now the price is $11,200.
So if you bought 1 or 2 bitcoin, you have earned enough and you can sell it today so that you can earn again and wait for the dip.
This is why millionaires are becoming millionaires easily without any effort.

Once the market become bullish again those whales can't do something about it, they can't still beat a million investors that want's to buy and hold bitcoin. I'm not being too optimistic about bitcoin but what i am just saying here is that whales will never control the market forever.

What makes you sure that it will never reach 20k$ again? And what makes you sure the WAHLES takes the profits? And even if they did, it turned out that the price had already reached 20k$ and I am sure it will reach that again and surpassed it even more. You should not underestimate the potentials of bitcoin because once upon a time, its price was 200$ and people were wondering if it was going to reach 1000$. Look at it now. Nothing is impossible.


Does The California Gold Rush ring a bell? The bottom line is there's blood in the water and everything from whales to crabs coming to feast.

@bigink

Do you have crystal ball or some super power that allows you to see the future? How the hell can you say that: " Bitcoin will never reach 20,000 again "

I read the title of the thread and I was scared and I click and I see that it is another assumption without concrete evidence, just assumption


This is just your guess, you should show proof

You have taken on micro point of the ecosystem and focused just on that, and I don't for the life of me know why. Try understanding the macroeconomics behind Bitcoin and the whole system, and I would be hard pressed to see you making this statement again. Never is a strong word in this sense, and although I won't say it will reach 20k 100%, there is quite a high possibility it will. You see the difference there? What you should ideally say is I don't think it will reach 20k, nobody can say anything for certain in this space.

Whales are only a small percentage compared to the rest of the bitcoin eco system. Price of bitcoin is determined by many factors , one of them being whales trying to make profits which is standard now and nothing new. In the bitcoin price impact can be decided by how many people who use bitcoin, in how many different scenarios is possible to use bitcoin, why is bitcoin better than other payments systems, bitcoin can safeguard my identity when buying some digital goods etc.

When all the above are assessed by many persons and these many persons believe in those values that can impact bitcoin price, bitcoin will go easily above 50.000 dollars.